Quadrant Televentures Limited
Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra)431 005.
Statement of Unaudited Stand Alone Financial Results for the Quarter ended June 30, 2013
(Rs in Lacs)
    Unaudited Unaudited Unaudited Audited
Sr No. Particulars Three months ended 30.06.13 Three months ended 31.03.13 Three months ended 30.06.12 Year ended 31.03.13
1 Income from operations        
a) Income from Operations/ Services 9,209.63 8,821.58 7,904.12 33,583.66
  (b) Other Operating Income - - - -
           
Total Income From Operations (net) 9,209.63 8,821.58 7,904.12 33,583.66
           
2 Expenses        
  (a) Employee benefits expenses 1,420.83 1,373.64 1,123.20 4,833.23
  (b) Depreciation and amortization expenses 3,099.30 3,020.28 3,044.55 12,182.69
  (c) Network operation expenditure 2,574.30 1,111.07 2,528.77 8,009.28
  (d) Interconnect Usage Charges 2,589.90 2,204.38 2,194.47 9,357.00
  (e) Infrastructure sharing charges 1,305.97 726.55 1,227.40 4,525.41
  (f) Sales & Marketing Expenditure 574.10 511.14 595.12 2,293.66
  (g) Other Expenses 834.88 906.74 1,072.99 3,422.18
  Total expenses 12,399.28 9,853.80 11,786.50 44,623.45
           
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (3,189.65) (1,032.22) (3,882.38) (11,039.79)
4 Other income 108.48 82.57 64.72 277.81
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) (3,081.17) (949.65) (3,817.66) (10,761.98)
6 Finance costs 696.29 697.34 705.35 2,806.24
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (3,777.46) (1,646.99) (4,523.01) (13,568.22)
8 Exceptional items - - - -
9 Profit / (Loss) from ordinary activities before tax (7-8) (3,777.46) (1,646.99) (4,523.01) (13,568.22)
10 Tax expense - - - -
11 Net Profit / (Loss) from ordinary activities after tax (9-10) (3,777.46) (1,646.99) (4,523.01) (13,568.22)
12 Extraordinary items - - - -
13 Net Profit / (Loss) for the period (3,777.46) (1,646.99) (4,523.01) (13,568.22)
14 Share of profit /(loss) of associates - - - -
15 Minority Interest - - - -
16 Net Profit / (Loss) after taxes, minority interest and share of of Profit / (Loss) of Associate (3,777.46) (1,646.99) (4,523.01) (13,568.22)
           
17 Paid up Equity Share Capital (Face Value - Rs. 10 each) 61,226.03 61,226.03 61,226.03 61,226.03
           
           
18 (a) Reserves excluding Revaluation Reserve 685.67 685.67 685.67 685.67
  (b) Profit & Loss Account (Including accumulated losses) (171,631.65) (167,854.19) (158,808.98) (167,854.19)
19 (a) Basic and Diluted Earning Per Share before Extraordinary items (0.62) (0.27) (0.74) (2.22)
  (b) Basic and Diluted Earning Per Share after Extraordinary items (0.62) (0.27) (0.74) (2.22)
           
Quadrant Televentures Limited
Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) – 431 005.
Select information for the Quarter ended June 30,2013
    Unaudited Unaudited Unaudited Audited
Sr No. Particulars Three months ended 30.06.13 Three months ended 31.03.13 Three months ended 30.06.12 Year ended 31.03.13
A Particulars of Shareholding        
1 Public Shareholding        
  -No of Shares 285,555,268 285,555,268 285,555,268 285,555,268
  - % of Shareholding 46.64% 46.64% 46.64% 46.64%
2 Promoters and Promoter Group Shareholding        
  (a) Pledged/Encumbered        
  Number of Shares 52,085,387 218,704,937 218,704,937 218,704,937
  Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) 15.94% 66.94% 66.94% 66.94%
  Percentage of shares (as a % of the total share capital of the Company) 8.51% 35.72% 35.72% 35.72%
  (b) Non encumbered        
  Number of Shares 274,619,613 108,000,063 108,000,063 108,000,063
  Percentage of Shares(as % of the total Shareholding of Promoter and Promoter group) 84.06% 33.06% 33.06% 33.06%
Percentage of shares (as a % of the total share capital of the Company) 44.85% 17.64% 17.64% 17.64%
           
  Particulars       Three months ended 30.06.13
B INVESTOR COMPLAINTS        
  Pending at the beginning of the quarter       Nil
  Received during the quarter       Nil
  Disposed of during the quarter       Nil
  Remaining unresolved at the end of the quarter       Nil
           
NOTES:
1 (a) Extract of audit qualification of current Quarter and previous financial year 2012-13
The Company has accounted for the impact of revised corporate debt restructuring ('CDR') Scheme as approved by CDR Cell after complying with the most of the terms and conditions stipulated therein however compliance of some of them is still in process.
(b) Management comments on above qualifications :
During the Last financial year the company has allotted Redeemable Secured Non Convertible Debenture(NCDs) and is confident of fulfilling the remaining conditions in due course of business.
2 As on 31.03.2013, 66.94% of Promoters shareholding (218,704,937 Equity Shares) stood pledged in favour of IDBI Bank (Lead Bank). In terms of revised CDR Scheme and Debenture Trust Deed dated 21.1.2013, 166,619,550 Equity Shares (51%) of Promoters stake was required to be pledged in favour of Debenture Trustees i.e. IDBI Trusteeship Services Limited (ITSL). As on 30.06.2013, 166,619,550 Equity Shares stood released by IDBI Bank and the pledge in favour of ITSL was still in process. The pledge was duly completed on 10.07.2013.
3 The primary reporting of the Company has been performed on the basis of business segments. The Company has only one business segment, which is provision of unified telephony services. Accordingly, the amounts appearing in these financial results relate to this primary business segment. Further, the Company provides services only in the State of Punjab (including Chandigarh and Panchkula) and, accordingly, no disclosures are required under secondary segment reporting.
4 Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
5 Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on August 10, 2013. The same have been reviewed by the Statutory Auditor of the Company.
 
 
Place : Mohali By Order of the Board
Date : August 10, 2013 For QUADRANT TELEVENTURES LIMITED
  (Mr. Babu Mohanlal Panchal) Director